create a cash flow statement using the direct method

operating activities investing activities financing activities net change in balance

Additional information provided: Equipment costing $52,000 was purchased for cash. Equipment with a net asset value of $10,000 was sold for $14,000 Depreciation expense of $12,000 was recorded during the year. During 2014, the company repaid $40,000 of long-term notes payable. During 2014, the company borrowed $34,000 on a new note payable There were no stock retirements during the year. There were no sales of treasury stock during the year. Please prepare a complete statement of cash flows using the direct method, in the following format